Mortgage News
CTV News - Mortgage Minute
Frank Napolitano sits with Kurt Stoodley of CTV to talk about proposed changes to the mortgage renewal process.
Published
Click here to watch the full video from CTV Ottawa Morning Live.
One of the latest propositions brought forward to tighten lending regulations is making re-qualification a necessary step when renewing a mortgage. On this week's Mortgage Minute, Frank Napolitano and Kurt Stoodley discuss what this change would mean for Canadians at the stage of mortgage renewal. In the wake of conversations surrounding lending rules, this is one more reason locking in a low mortgage rate at a ten year term.
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